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this post was submitted on 31 Jan 2024
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A Boring Dystopia
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Inflation didn't even go down, it's just increasing at a slower rate. Things are still getting more expensive compared to how much money people have available.
That might be what you meant, but just wanted to make it crystal clear..
What you are describing is inflation going down. Things going back to pre-pandemic prices would be deflation. With the government targeting 2% inflation in an ideal situation, deflation is not going to happen.
Going down is a misleading term that makes it sound like it IS deflation, though.
"Slowing down" would be much more illustrative, or at least "decreasing"
The proper way to say it to avoid confusion is that inflation slowed.
Right.. usually people talk about the inflation rate, not the overall devaluation of the currency. I wasn't trying to suggestion there's a deflation with the dollar.